Founding partner and COO Christophe Delorme told Reuters the team behind the Caerus Arbitrage Asia Fund plans to change strategy and may relaunch next year.

Delorme’s fellow RSR partners are Remi Colinmaire, Serge Handjian and Robert Webb. Colinmaire is the former head of index volatility trading at Goldman Sachs, Hanjian the former head of equity derivatives in Tokyo at Barclays Capital and Webb the former head of Asia index options trading at Morgan Stanley. Delorme was formerly head of Japanese over-the-counter multi-products at Newedge Group.

"We are still here. We will trade only for ourselves for few months and resume with the fund once ready," Delorme told Reuters in an e-mail on Wednesday.

Caerus Arbitrage Asia began life in August 2010 with $4 million and was managing about $60 million in May 2011, at which point its ambition was to manage $100 million by year’s end.

According to a letter to investors seen by the news agency, the fund was down 7.72% through October 2011. It saw its biggest monthly drop—5.13%—in September.

"We will experiment our new strategy from January to June 2012, and if we like the performance, we will accept money from external investors again," said Delorme.

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